Ramp and Sherpa Digital Media Announce Acquisition of VideoVerge Business and New Technology Partnership

Agreements Represent Strategic Moves by Both Companies to Strengthen Portfolios and Best Serve the Needs of Customers

April 13, 2017 07:00 ET | Source:Ramp Holdings; Sherpa Digital Media

BOSTON and REDWOOD CITY, Calif., April 13, 2017 (GLOBE NEWSWIRE) -- Ramp, the leading provider of next-generation enterprise video delivery solutions for large enterprises, announced today the transition of its VideoVerge business to Sherpa Digital Media. Sherpa provides a modern video platform that allows customers like Apple, Disney, and BlackRock to manage, measure and automate all live and on-demand video interactions.

In addition, the two companies have entered into a new partnership that brings their solutions together to unleash the power of video in the enterprise.

VideoVerge is a native SharePoint solution for video management that adds complementary capabilities to Sherpa’s existing enterprise video platform. Current VideoVerge customers will now be able to leverage Sherpa’s extensive capabilities while using a single product suite for managing video assets.

“Many of our enterprise customers have expressed the need to integrate live and on-demand video workflows into their Microsoft 365 and SharePoint productivity suites,” said K.C. Watson, CEO and co-founder of Sherpa Digital Media. “We are confident the addition of VideoVerge to the Sherpa Stream platform will give our customers the immediate, expanded capabilities they need. We welcome existing VideoVerge customers to Sherpa and look forward to sharing the additional benefits Sherpa solutions provide to organizations. VideoVerge customers will now have access to a single, integrated solution for live webcasting and video on demand, extensive viewer and content performance analytics, and a direct pathway to use advanced video formats such as 4K/8K, VR and 360° video.”

Under the terms of the partnership, Sherpa and Ramp will team up to ensure customers realize the full potential of video-based communications. From video portfolio management and secure reliable delivery, to integration across business systems and analytics, the combination of solutions provides a complete platform and infrastructure that allows companies to confidently embrace the growing demand for video.

“The sale of Ramp’s VideoVerge to Sherpa Digital Media is in step with emerging product development trends in the enterprise streaming market,” said Steve Vonder Haar, senior analyst with Wainhouse Research. “Increasingly, streaming technology vendors are embracing strategies to deliver best-of-breed offerings at specific points in the video ecosystem. With this deal, Ramp sharpens its focus on enterprise streaming networking while Sherpa enhances its capabilities in video content management.”

“We are pleased to enter into such meaningful business agreements with Sherpa, a company that helps customers use video as an effective mechanism for enterprise communications. The leading-edge technology offered by Sherpa will only increase the value and demand for video in the enterprise. Supported by our enterprise streaming infrastructure, our customers can be free of the bandwidth burdens commonly experienced with increased video traffic on the corporate network,” said Tom Racca, Ramp CEO. “The divestiture of the VideoVerge business allows Ramp to focus exclusively on becoming the de facto eCDN for organizations that want a flexible, scalable and reliable infrastructure for streaming any kind of video behind the firewall.”

The two companies have already partnered together to deliver solutions to marquee customers with great success. The completion of the VideoVerge transaction and the formalization of the partnership solidifies an already proven relationship that demonstrates the incredible power of working together to serve the needs of customers.

About Ramp

Ramp provides next-generation video delivery solutions to help organizations unleash video in the enterprise. Ramp’s enterprise content delivery network, AltitudeCDN™, provides simple and secure multicasting and advanced caching software to optimize video traffic behind the firewall. The result is high-quality, stable transmissions from virtually any video source without expensive network upgrades or proprietary infrastructures and custom video players. Many Global 2000 companies, including Fortune 500 leaders, benefit from Ramp’s enterprise solutions. Ramp is headquartered in Boston and can be reached at (857) 202-3500 or www.ramp.com.

About Sherpa

Sherpa Digital Media helps global companies navigate and succeed in the complex world of video-based communications. The company’s next-generation video platform, Sherpa Stream, securely manages, measures and automates video content at premier global organizations like Disney, Apple and BlackRock. Sherpa is an independent, privately held company headquartered in Redwood City, California. For more information, visit www.SherpaDigitalMedia.com.

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